my brother is in Govt. Dept. and working from last 7 yrs. Know he want to take loan against PF (Providend Fund) for purchase of Plot with the name of my mother. My mother is a pensioner. now my question is weather he will get the loan, if he is purchasing the plot with mothers name? (Brother is married). What will be the procedure please recommend?
From India, Faridabad
As u mentioned that your brother is a government servant, so for government employees, GPF --( GENERAL PROVIDENT FUND) IS APPLICABLE. Ask your brother to consult his office people, for this purpose.
From India, Gurgaon